SMXT · SolarMax Technology, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“As a result of the above, there is substantial doubt regarding the Company’s ability to continue as a going concern within one year from the date of issuance of these financial statements.”View the 10-Q filed May 15, 2026
Key customers — 99% of revenue (the year ended December 31, 2025)
“$45.8 million, or 99.0% of contract assets (see Note 8)”
One customer — 66.1% of revenue (the year ended December 31, 2025)
“For the years ended December 31, 2025, one customer, Longfellow, accounted for $60.2 million, or 66.1%, of revenues”
One customer — 72.4% of receivables (the year ended December 31, 2025)
“$9.4 million, or 72.4%,of accounts receivable”
Weekly off-exchange (dark pool / OTC) trading volume reported to FINRA under its OTC/ATS Transparency data. ATS volume is executed on alternating trading systems (dark pools); non-ATS OTC is other over-the-counter dealer volume. The off-exchange share is total off-exchange volume as a percentage of consolidated weekly trading volume for the same Monday–Friday week.
Off-Exchange Volume History
| Week Start | ATS Volume | Non-ATS OTC Volume | Total Off-Exchange | % of FINRA Weekly Volume |
|---|---|---|---|---|
| 2026-07-20 | 11,040 | 476,407 | 487,447 | 100.0% |
| 2026-07-13 | 19,123 | 501,772 | 520,895 | 100.0% |
| 2026-07-06 | 94,787 | 533,488 | 628,275 | 100.0% |
| 2026-06-29 | 63,739 | 526,377 | 590,116 | 100.0% |
| 2026-06-22 | 56,595 | 635,594 | 692,189 | 100.0% |
| 2026-06-15 | 49,877 | 497,955 | 547,832 | 100.0% |
| 2026-06-08 | 1,019,084 | 33,464,283 | 34,483,367 | 100.0% |
| 2026-06-01 | 53,119 | 554,451 | 607,570 | 100.0% |
| 2026-05-25 | 52,797 | 293,734 | 346,531 | 100.0% |
| 2026-05-18 | 23,364 | 272,301 | 295,665 | 100.0% |
| 2026-05-11 | 25,244 | 214,318 | 239,562 | 100.0% |
| 2026-05-04 | 27,959 | 261,160 | 289,119 | 100.0% |
| 2026-04-27 | 39,736 | 228,921 | 268,657 | 100.0% |
| 2026-04-20 | 50,522 | 246,724 | 297,246 | 100.0% |
| 2026-04-13 | 37,524 | 362,218 | 399,742 | 100.0% |
| 2026-04-06 | 142,120 | 1,785,543 | 1,927,663 | 100.0% |
| 2026-03-30 | 37,398 | 340,938 | 378,336 | 100.0% |
| 2026-03-23 | 39,729 | 709,995 | 749,724 | 100.0% |
| 2026-03-16 | 22,393 | 558,516 | 580,909 | 100.0% |
| 2026-03-09 | 25,593 | 270,225 | 295,818 | 100.0% |
| 2026-03-02 | 61,509 | 382,890 | 444,399 | 100.0% |
| 2026-02-23 | 62,456 | 416,199 | 478,655 | 100.0% |
| 2026-02-16 | 31,648 | 428,959 | 460,607 | 100.0% |
| 2026-02-09 | 67,669 | 1,085,684 | 1,153,353 | 100.0% |
| 2026-02-02 | 109,866 | 853,998 | 963,864 | 100.0% |
| 2026-01-26 | 60,956 | 1,320,162 | 1,381,118 | 100.0% |
| 2026-01-19 | 118,569 | 1,500,606 | 1,619,175 | 100.0% |
| 2026-01-12 | 203,192 | 2,549,250 | 2,752,442 | 100.0% |
| 2026-01-05 | 1,310,012 | 25,493,169 | 26,803,181 | 100.0% |
| 2025-12-29 | 28,851 | 214,460 | 243,311 | 100.0% |
| 2025-12-22 | 19,568 | 346,936 | 366,504 | 100.0% |
| 2025-12-15 | 26,097 | 255,115 | 281,212 | 100.0% |
| 2025-12-08 | 32,651 | 143,225 | 175,876 | 100.0% |
| 2025-12-01 | 22,726 | 197,281 | 220,007 | 100.0% |
| 2025-11-24 | 16,349 | 197,330 | 213,679 | 100.0% |
| 2025-11-17 | 14,077 | 169,179 | 183,256 | 100.0% |
| 2025-11-10 | 35,754 | 376,327 | 412,081 | 100.0% |
| 2025-11-03 | 24,191 | 268,011 | 292,202 | 100.0% |
| 2025-10-27 | 61,027 | 1,211,289 | 1,272,316 | 100.0% |
| 2025-10-20 | 47,873 | 278,775 | 326,648 | 100.0% |
| 2025-10-13 | 29,279 | 450,703 | 479,982 | 100.0% |
| 2025-10-06 | 56,614 | 357,016 | 413,630 | 100.0% |
| 2025-09-29 | 34,111 | 237,653 | 271,764 | 100.0% |
| 2025-09-22 | 39,465 | 597,293 | 636,758 | 100.0% |
| 2025-09-15 | 46,218 | 472,802 | 519,020 | 100.0% |
| 2025-09-08 | 97,755 | 494,905 | 592,660 | 100.0% |
| 2025-09-01 | 86,039 | 538,978 | 625,017 | 100.0% |